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What Is the Roth IRA 5-Year Rule? Are There Exceptions?
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The Roth IRA 5-year rule is one of the rules that governs what an investor can and can’t do with funds in a Roth IRA. The Roth IRA 5-year rule comes into play when a person withdraws funds from the account; rolls a traditional IRA account into a Roth; or inherits a Roth IRA account. […]
Capital Gains Tax Rates and Rules for 2025
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What Is Capital Gains Tax? Capital gains are the profits you make from selling investments, like stocks, bonds, properties, and so on. Capital gains tax doesn’t apply when you simply own these assets — it only hits when you profit from selling them. Short-term capital gains (from assets you’ve held for less than a year) […]
10 Smart Tips To Finance Expensive Dental Work
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If you need expensive dental work, you’re likely wondering how to pay for it. After getting a quote from your dentist and learning how little your insurance will cover, you may be thinking, I must be missing a way to afford this. There’s good news and bad news when it comes to how to finance […]
Retirement Plan Options for the Self-Employed
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If you’re an entrepreneur, consultant, or small business owner, you might be surprised to learn that the retirement plan options when you’re self-employed — like a SEP-IRA or solo 401(k) — are very robust. Not only do you have more options in terms of self-employed retirement plans than you might think, some of these plans […]
Solo 401(k) vs SEP IRA: An In-Depth Comparison for Self-Employed Retirement Planning
https://www.sofi.com/learn/content/solo-401k-vs-sep-ira/
Self-employment has its perks, but an employer-sponsored retirement plan isn’t one of them. Opening a solo 401(k) or a Simplified Employee Pension Individual Retirement Account (SEP IRA) allows the self-employed to save for retirement while enjoying some tax advantages. So, which is better for you? The answer can depend largely on whether your business has […]